1) A project has an initial outlay of $2,030. It has a single payoff at the end of year 10 of $6,836. What is the net present value (NPV) of the project if the company's cost of capital is 14.64 percent?

Round the answer two two decimal places.

2)

Great Seneca Inc. sells $100 million worth of 27-year to maturity 14.39% annual coupon bonds. The net proceeds (proceeds after flotation cost) are $981 for each $1,000 bond. The firm's marginal tax rate is 40%. What is the after-tax cost of capital for debt financing?

Round the answer to two decimal places in percentage form.

You should use excel or Financial calculator.

3)

Fresh Water, Inc. sold an issue of 5-year $1,000 par value bonds to public. The bonds have a 9.52 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is 12.81 percent. What is the current market price of the bonds?

Round the answer to two decimal places.